Bookkeeping Services

Bank Reconciliations of all accounts such are completed to ensure that all income and expenses are entered. This also helps to ensure that all monies are accounted for. Accounts reconciled are bank, credit cards and loan accounts.

Accounts Payable

Keep up to date with monies that you owe with ageing reports. Pay bills. We reconcile invoices to supplier statements ensuring that no doubling up has occurred and query any discrepancies with you or direct with the supplier.

Accounts Receivable

Know how much money customers owe you and whether they pay within the allocated terms. We provide reports and highlight accounts of concern, followed up by contacting customers.

Payroll

This can be performed weekly, fortnightly or monthly as agreed with your employees. Super is processed and reconciled. Liaise with super funds and lodge super returns. Also available if required is hr support supplied by Workforce Guardian.

Registered BAS Service provider

They are a registered BAS service provider and lodge over the ATO portal. Monthly IAS & BAS and quarterly BAS is a requirement that all businesses that are registered for GST must lodge with the Australian Taxation Office. Liaise with the ATO for BAS & IAS and payment arrangements.

Preparation of End of financial Year

Complete payment summaries for your staff after reconciling the Wages, PAYG and Super. The BAS’ lodged are reconciled with the GST control account.
The accounts are prepared for your accountant at the end of the financial year.

Reporting

Quarterly Financial Reports

Quarterly financial reports are reports in which comparisons are made of this year’s to last year’s quarter’s figures, this is shown per month. The Cost of Goods Sold and expenses are shown as a percentage of Sales. This report is affordable and is mainly for businesses that are micro to small in size.

Quarterly Fitness Reports include:

Cash Flow

Sales

Gross Profit

Net Profit

Collection Rate of Accounts Receivable and Payable

Current Ratio

These are all reviewed and discussed with the business owners. This is valuable information that will help you determine strategies to grow your business.